The Figure Given Below Depicts the Equilibrium in the Foreign

question 12

Multiple Choice

The figure given below depicts the equilibrium in the foreign exchange market. Figure 13.1 Refer to Figure 13.1.If the exchange rate is fixed at E₂ but the free market equilibrium rate is E₁ then:

• A)there is a shortage of British pounds at E₁.
• B)no intervention is necessary to achieve the exchange rate E₁.
• C)there is a permanent surplus of U.S.dollars at E₁.
• D)there is a permanent surplus of U.S.dollars at E₂.
• E)there is a permanent shortage of U.S.dollars at E₃.

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Definitions:

Loosest Threads

The threads within a fastening system that have the highest tolerance, allowing for easier engagement or disengagement.

Classes

Refers to the categorization of tolerances or grades in manufacturing processes to specify the level of precision required.

United National Coarse

A thread specification for bolts, screws, and nuts that specifies a standard coarse pitch for screw threads, commonly used in the United States.

UNC

Unified National Coarse, a standardized thread designation used in the United States for bolts, screws, and nuts with a coarse thread pitch.